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China imposes retaliatory tariffs on US goods and announces investigation into Google


China has retaliated against the U.S. by imposing tariffs on select U.S. imports, including a 15% tariff on coal and liquefied natural gas, and a 10% tariff on crude oil, agricultural machinery, and large-engine cars. In addition, China announced an antitrust investigation into Google and export controls on critical minerals essential for high-tech products.

The State Council Tariff Commission stated that the U.S.’s unilateral tariff increase violates the rules of the World Trade Organization and damages economic and trade cooperation between the two countries. The impact on U.S. exports may be limited, as the U.S. does not export much LNG to China.

China’s export controls target elements critical to modern high-tech production, including tungsten, tellurium, and molybdenum. These controls could harm the U.S. economy, as the U.S. depends on China for critical minerals. China also announced an investigation into Google’s antitrust practices, potentially affecting the company’s operations in the country.

Additionally, two American companies, PVH Group and Illumina, were placed on an unreliable entities list by the Commerce Ministry. PVH Group faced scrutiny over its Xinjiang-related behavior, while Illumina is a biotechnology company with offices in China. The response from China is considered calculated and measured, with concerns about further escalation leading to lower GDP growth and other economic impacts globally.

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